Fitell Corporation Announces First Half-Year Financial Results
Fitell Corporation (FTEL)
Company Research
Source: GlobeNewswire
TAREN POINT, Australia, March 05, 2024 (GLOBE NEWSWIRE) -- Fitell Corporation (Nasdaq: FTEL) ("Fitell" or the "Company"), an online retailer of gym and fitness equipment in Australia, today announced its half-year financial results for the six months ended December 31, 2023. Six-month Period ended December 31, 2023 Financial Highlights Revenue was $2.1 million, a decrease of $0.9 million or 30.5% compared to the same period in 2022.Gross profit was $0.85 million, a decrease of $745,555 or 46.8% from the same period in 2022. Revenue by Categories vs. Same Period of Prior Year RevenueChange from Six-month Period ended December 31, 2022 US$%US$%Merchandise revenue2,007,56294.6%(144,310)-6.7%Sales of consumable products00(605,415)-100.0%Revenue from licensing customers115,5575.4%(181,308)-61.1% Merchandise revenue decreased by 6.7% or $144,310 to $2,007,562. The decrease was primarily attributable to: (i) a 34.3% increase in sales orders, primarily
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FTEL
Sec Filings
- 4/2/24 - Form F-1/A
- 3/5/24 - Form 6-K
- 2/21/24 - Form F-1
- FTEL's page on the SEC website